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20130101
20130131
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CNBC 11
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Search Results 0 to 18 of about 19
CNBC
Jan 10, 2013 3:00pm EST
. >> look at the currency market, too, the euro/dollar. the moves there off the ecb -- >> what? >> rick. >> look at the dollar index. >> can't hear anybody if everybody is talking on top of everybody else. >> talk about the currency market. that's really telling today, too, off the ecb stuff. >> off the ecb, off the monetary policy committee of the bank of england. the pound is up dramatically. the euro is up dramatically, and even though we're still all rallying against the yen, this is one of the biggest drops net day over day in the dollar index i can remember in a while. it's getting close to a whole cent drop. that's pretty big. >> let me get to gordon. we're seeing a real move up in the final hour. what are you seeing in terms of flow? where is the money moving, and who is buying? >> seeing institutional, again, across all sectors. the important thing is we're starting to see it in the financials which to me is the bellwether of this thing being a real bull move here to the upside, because behind financials you know that housing is going to be behind that, and that's goin
CNBC
Jan 23, 2013 3:00pm EST
aligned with europe. if you part a chart of the euro currency over mcdonald's in the last few weeks, almost been an identical chart. that's because they are so europe-focused. i continue to believe europe has too many problems and far too many currencies risks for mcdonald's. coke is concentrated exactly where you want to be which is latin america. just this week the mexican stock market hit an all-time high. the latin america market for coke is bigger than the united states, twice as big as europe. between these two companies you want to bet on latin america and coke, not europe and mcdonald's. >> well, i'll tell you, the entire trend and industry is moving away from the sugary drinks, and you saw that beverage sales in the u.s. were down 2.8% last year. we need to start moving towards the healthier drinks. that's what the consumer wants. now mcdonald's, albeit not the healthiest restaurant, but look what they are doing. they already were in the business of soft drinks. now they are moving. mr. fields, when he stepped down, he was an innovator and kept bringing new products to mark
CNBC
Jan 17, 2013 3:00pm EST
exchange, all about whose printing press is faster. breached 120 on the euro, a big deal. breached 90 on the dollar/yen so the japanese are definitely devaluing their currency, but to be fair, it was just last year that the dollar reached a record low on the end, so if you take a wide enough view, you know, the japanese aren't mistaken, say, and they are just trying to price it more accurately. the problem is once this machine gets going of printing and weakening, how does it ever stop? >> yeah. how much of this rally lately that we've been talking about here has been fundamental and how much is just the greasing by the fed, do you think? >> well, look, i think the liquidity backdrop is the ultimate context where all the rest is going on. we've had bad enough economic scares with this much or almost this much central bank liquidity where the market had no trouble not going up, so i don't think it can be explained by one thing or another. talking about five-year highs, since april 2nd of next year up less than 5%, not necessarily as if we've torn our way to some massive runaway gains. i f
CNBC
Jan 15, 2013 3:00pm EST
bottom in the currency markets. the euro is at an 11-month high against the dollar and the yen is scheduled to move lower if the bank of japan wants its way, and a lot of people are saying that could benefit gold in a big way which is starting to move higher again. what do you make of the currency wars going on right now? >> i think they are going to heat up and the central players where it heats up will be between germans and the japanese over exports of cars, but i agree with you, and i also think that if we look at how they are going to develop in the near term, i would think that the trigger for that will be when the dollar/yen, for example, gets above 90 and the euro/yen significant levels, and real quickly i've had a lot of e-mails about problems with our bills, but not the ones that you think. t-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attribut
CNBC
Jan 14, 2013 3:00pm EST
going through a banking consolidation and a regulatory consolidation. all of this talk about the euro is bringing the financial markets together. nyse owns four large exchanges in europe. the question is how do we bring this into this consolidation? one way may be to take them public so they can have their own currency and do deals. >> we'll leave it there. so much to talk about. i wanted to get your take about the individual and what's happening in capital market these days. seems like everything is strained. but that conversation for another day. good to have you on the program. >> thank you, maria. >> best of luck with the deal. >> thank you. >> jeff sprecher joining us. ceo at i.c.e. pmt. >>> ten minutes before the close. up next as if apple didn't have enough problems, now the company's iphone may no longer be considered cool for young people. that could be bad news for apple. we're going to take a look. >>> then preet bharara is here. remember this from last year's conference? >> i know you told me there were going to be a lot of people here from the hedge fund industry and other f
CNBC
Jan 18, 2013 3:00pm EST
were. whether it's euro/yen, dollar/yen. if you want to know why our stock market is doing well, look at this chart. a chart of one year of the nikkei and obviously something magical happened towards the end of last year. look how the stock market took off and connect the dots with the transcripts, ben bernanke's advice given a decade plus going to the japanese was definitely put in place, the liquidity programs, the quantitative easing, the monetizing and look what happened to their stock market, and if you also look at what happened to the jgb, briefly, they shot up in yield. it's moderated a bit. kyle bass is on today with david faber and everybody loves kyle bass. >> right. >> he talked about the first black swan with all the central banking activity probably turns out to be japan. we don't know when. i would fully agree and i think these two charts give you some clues that there is a possibility. >> andres, what do you think? is japan back? >> well, i think to a certain extent the unintended consequences is what we're actually going to see in the couple of months to come wh
CNBC
Jan 24, 2013 4:00pm EST
, i think germany has done what was necessary to al w allow -- to make it clear that the euro is here to stay, and that's been a tremendous relief for the markets. so calm has returned. the european banking system, the interbank market, has revived so there's a general sense of let's say almost euphoria that the crisis is over. i think that is somewhat premature. because the fundamental internal inconsistencies in the dis-tim have not been addressed, and actually, therefore, you face political dangers. the euro is transforming the european union into something very different from the original conception which was a voluntary association of equal states, and instead of that, the financial created a two-class system where the euro, the creditors and debtors and the creditors are in charge. the political situation i think is going to get worse. i think the next year, next two years perhaps, are going to be very cuffy if the european union survives forever. i don't think europe can live politically with are a situation where there's are a center, namely germany, and countries like italy a
FOX Business
Jan 23, 2013 3:00pm EST
melon and state street on the bank. on the block. when you hear about the euro zone problems, they are bubbling through, that is trouble pushing foreign banks to possibly spinoff their u.s. subsidiaries like the asset management something i have been hearing for months and months now. that's apparently it's one of the names. i'm not saying these banks are in particular in play. bankers at the wall street firms are definitely approaching these players saying you should do a deal. they are listening. when you put it all together, the macro scenario, increased regulations, euro zone problems, low trading volumes, low interest rate so you can borrow cheaply, guess what happens. you don't make enough money. when you have low interest rates you don't make a lot of money on your investment. you put all that together and you have a situation right for mergers. i don't know they will merge with ameritrade, but is there a need for two of them right now? cheryl: probably not. they traded higher at 2012 like the big guys did. so many deals going on, they were doing their banking profits, c. can ha
FOX Business
Jan 17, 2013 3:00pm EST
in tandem. even the euro up sharply. the dollar 303. i am going to switzerland which is still on. but let's talk a what is going on in the markets today. all but two datapoint drivers. >> really much more of a technical breakout. we have tested fell last couple of weeks 1475. the s&p 500. unable to do it. just a matter of time before we broke through. the macro data is what really pushed us over the edge and pushes us hire. technically that will be important. liz: then we get, and i know you guys like technicals, but the emotion that is in the pick today. something like this, 107 points. he knows where we will close in 56 minutes, but the something like this character? better volume today. >> well, i think it can carry over. if you look at what we had, the technical ankle was covered well, but on the fundamental basis, and you talked about there earlier. the two things that came out today were that to drags on the economy, housing and employment. they are getting better and consistently better. the confidence will be there. here is the big fear. we have a climate of worry. we are
CNBC
Jan 2, 2013 4:00pm EST
greece. >> and they also used the euro to borrow a tremendous amount of money using the german balance sheet and we're doing the same thing, abusing our world's reserve currency status, and when that ends, it's going to be very painful. >> the music hasn't stopped. the cash is still flowing so markets will go higher. >> you're right. >> all right. we've got to go at this point. i'm not sure we solved anything, but it was fun somehow. >> we did better than congress. >> that's true. >> at least we didn't curse. >> no f-bombs here at least. see you later. stocks kick off the year on a high note thanks in last part to last night's 11th-hour tax deal in congress. checking with bertha coombs for today's leaders and laggards. >> bill, a day for notable milestones. the dow starting the year up over 2% for only the tenth time in 100 years, the nasdaq's best one-day gain in over 15 months, the s&p starting the year with a sizable gain for the fifth straight year. that's never happened and the russell 2000 hitting a new all-time high. zipcar was the russell's biggest percentage gainer on
CNBC
Jan 29, 2013 4:00pm EST
managed to weaker by 10% against the euro. this is a -- quite a currenty. >> you said moments ago marks go up and down. >> yes. >> dollar goes up and down and stocks go up and down. >> yes. >> and yet you say you will never stop buying gold. what's that strategy? doesn't gold up and down, too? >> i want to tell you something about gold, maria. because i'm fearful that we will have a systemic crisis and supports and so on so i'm gig gold because i feel fearful. you don't own any gold and you are in danger because you don't own any gold >> you don't know that i don't own any gold. >> guilty as charged, let me get your take. >> you don't look like the gold owner. >> yes, and you have a golden personality. >> i like that, marc. what about stocks here? where's the low-hanging fruit in terms of the stocks that will lead this decline? you don't like apple very much. where's the -- that leads the market lower. >> i think urkian stocks are very low. i think vietnam is inexpensive. i think chinese stocks are rell civil inexpensive. >> you think i should sell all my u.s. holdings and buy ukranian
FOX Business
Jan 25, 2013 3:00pm EST
? >> yeah, look, i started the week with the impression day one day two that the whole euro crisis and the beginnings of a recovery was one of my early impressions but tail end of the week the common theme that's running through all of that of course is the jobs crisis and especially around youth and youth unemployment. i would tell you that it's on everyone's lips that we're seeing a whole generation of young people, especially here in europe which is a very big topic, but it's also a big problem in the emerging world. i would also say an unintended consequence of america's energy advantages being talked about in nearly every meeting. unintended consequence that america now suddenly won't be buying all this oil. that america won't be sending all their troops. that america won't. i dare say it's been talked about more here than it is in america. liz: let's drill down on that, so to speak. and that is because we are apparently going to be the world leader, take over from saudi arabia as the biggest output nation of oil. to me that is quite fascinating. but you say a disadvantage because why
CNBC
Jan 8, 2013 4:00pm EST
syria. and in the euro zone, a potential spanish downgrade. what i'm focused on is looking at vix call options, expiring in february. as a result, february comes around, more jitters in the market, you'll make money. >> all right, so, you're expecting a down market, then, is what you're saying, except being selective. robert, you're up. 30 seconds on the clock. go for it. >> yeah, tomorrow i'm going to be watching the price action in alcoa after reporting earnings this afternoon. the stock's been a dismal performer since 2011. we think a close tomorrow above $9.25 is positive for alcoa. gives us good momentum heading into earnings season. also at 1:00 p.m., i'm going to watch the ten-year treasury auction. want to see how that responds. we believe technically that rates are going to be heading higher and we think this is bullish for equities. we anticipate the $1.75 trillion that's flowed into bond mutual funds to make it way back. >> 30 seconds on the clock. what do you want to look at? >> sure, maria. with little economic news coming out tomorrow, we're going to be focusing on c
FOX Business
Jan 3, 2013 3:00pm EST
while. a totally different story at the currency market. the euro falling through. some traders consider that numbers to be a parish technical breakdown and strength of the dollar. in the grand scheme of things, so much stronger than were was a year ago. gold down right now. twenty-four dollars. the dollar rallies stronger. silver pulling back by $0.55. this on the perception that the fed takes away that punch bowl at some point. sober getting taken down as well. copper also caught in the downdraft. why is the equity market or do much for taking it in stride? let's get to the traders. let's first get to andrew. i am sorry, jonathan. jonathan, if we are talking about what is going on, as far as the trading session is concerned, is this all minutes driven? >> right now, i do not think that is it. we have seen a 2.5 rally each day. investors looking to see if we will get a selloff in this market. we are clearly seeing that. the economic data is supporting this market where it is at right now. the market does feel like it is strong enough. it will hold on what is going on. we should
FOX Business
Jan 29, 2013 3:00pm EST
seeing how the euro dollar today broke 135. there are a lot of people sitting on the sidelines, the volume levels and commodities are still not up to par. everybody is waiting for tomorrow's announcement from the fed and waiting for friday's unemployment numbers. i believe we will see the dollar probably gain a little bit more. the other currencies pulling back as well as the yen with a slow drawdown. we are seeing gold hovering in the $16.50 range. they jumping up over $9 right now, silver taking a long period i think we have touched the hot stove on some of those commodities, they will start to rise up soon. cheryl: even the guys are putting on their cheerleading skirts. you look at crude oil right now, 19 week highs. higher from here or lower from here? >> it has been trading higher for the last couple of days. it is up $1 today, i think the rally, the standing ground is the best really comes in when the day starts off with a bit of a selloff in the market turns around and goes back up. do i know what is going to happen? i don't. 14,000 is a big number. arguing it should be tradi
FOX Business
Jan 21, 2013 3:00pm EST
basis during the market hours is what the euro is doing versus the dollar. always surprised me that the euro never went below like a $1.22 or so against the dollar. now you have the pound. i know you don't like the pound. so i'm curious kind of how you're playing that over in europe right now. >> it's been very interesting. just a year ago, everybody thought that the euro was going dramatically lower, sub 120, 115. i think the major aspect to that is what was it in relation to? we were talking about it in relation to the dollar, and the fed kept on printing money. and the ecb in contrast really has not printed money. they are not injecting new funds into this, whereas what i think is going on with sterling, you know, they are going to probably be the brink of triple dip recession come this friday in the fourth quarter gdp figures. their economy is not doing very well. they will probably have to stimulate that economy going forward. and probably talk about further asset purchases out of them over the next couple of months. cheryl: i have plenty of friends in new york that trade currencie
FOX Business
Jan 10, 2013 3:00pm EST
lead to a big spike in the euro, the euro with a 1% break, $1.32 versus the dollar. big news, as you can see, $1.32 as you can see on your screen for one euro. now, weak dollar, euro strength translates into an up day for gold. the precious metal rising more than 1%. that is about $20. there you go, up $20 and change. silver playing in this rally as you can see on the bottom of your screen, up a little more than 2% right now. well, last but certainly not least, take a look at oil. crude back near $94 a barrel, we're at $93.89 right now. big move on this one. it's all about china. oil imports rising more than 7% last month, offsetting the bearish demand picture in the u.s. inventories which are sitting right now at five-year highs. now let's get to our floor show, because we've got traders standing by at the new york stock exchange, the cme group and, of course, the nymex. jonathan is standing by at the new york stock exchange. all right, jonathan, talk to me about the move today that we're seeing. again, a lot of interest in the financials, top performing sector in 2012. are we still
FOX Business
Jan 30, 2013 3:00pm EST
that's what it takes to buy a euro. looking stronger and stronger each day. the federal reserve holding firm leaving the fund rate at exceptionally low level. peter barnes with the details. they must have known that the gdp had slowed down; right? peter: listen, they are going to continue their -- the quantitative easing, 85 billion a month in bond purchases. keep the fed funds rate at 0 to quarter percent, that's going to continue. we go to the statement for the reasons why. it says quote information received since the last meeting in december, quote, suggests that growth in economic activity paused in recent months, in large part of weather-related disruptions and other transitory factors. employment has continued to expand at moderate pace but the unemployment rate remains elevated. as owe know the fed -- as we know the fed wants to keep the foot on the gas pedal here until the unemployment rate gets down to 6 1/2%, as long as inflation doesn't rise. one other thing that economists are looking at here, is the possible disruptions and the costs that could be caused by this 85
CNBC
Jan 28, 2013 4:00pm EST
their ability to pay off debts. however euro skeptics warn seven are in recession. it's possible that germany falls into a recession as well. so they aren't out of the woods yet. don't get complacent about europe. did japan just start a currency war? announcing a full on assault on inflation. that's likely to weaken their currency and a lot. making it more difficult for the u.s. and europe to increase their exports. where does it end? what kind of unintended consequences could it bring? the third possible derailment, china. not the pace of their growth which has recovered. china worries more about political risk because the country has new leadership for the first time in ten years. and if the country is going to keep growing, they must do some very controversial reforms. that's going to lead to some kind of internal distress as investors try to hold on to power. and the final wild card, iran and its nuclear ambitions. there it's hard for the markets to measure what could happen. >> okay, michelle. thank you. a group of bipartisan senators meanwhile have agreed on a proposal to overha
Search Results 0 to 18 of about 19